World Wide options Ecuadorian prospects

Toronto-listed World Wide Minerals (TSE) has acquired an option on six gold and base metal properties in Ecuador.

Nestled in the Andes, the properties are underlain by structurally deformed volcanic rocks and felsic intrusive bodies (granites and granodiorites). World Wide can earn a half interest in any one of the six properties by, with respect to that particular property, completing a US$250,000 work program over four years, issuing 200,000 common shares to the concession-holder and paying US$70,000 cash.

Upon signing joint-venture agreements, Paul Esquivel will become a director of the company and be issued 100,000 common shares for each joint venture secured.

In other news, World Wide has installed a new board of directors, voluntarily delisted the trading of its common shares on the Vancouver Stock Exchange and exchanged $124,623 in cash shareholder loans for 395,628 company shares.